Thursday 03 Apr
Finance Minister Ahmed Kouchouk announced Tuesday that the 2025-2026 draft budget aligns with state efforts to boost Egypt's economic competitiveness through investment, industrial localization, and increased local production. The budget emphasizes empowering the private sector as a key driver of growth, leveraging Egypt's diverse economy and competitive advantages.
The budget allocates significant funds to support production, exports, and tourism, targeting specific economic development initiatives within clear timelines.
Kouchouk explained that 78.1 billion pounds will be
allocated for targeted productive, export, and priority industry initiatives, 8.3
billion pounds for tourism sector support, 5 billion pounds for priority industrial
activities, 3 billion pounds for natural gas vehicle conversion, 3-5 billion pounds
in cash incentives for SMEs, and 1 billion pounds for natural gas-powered taxis
and pickup trucks for young people.
The Cabinet, under Prime Minister Moustafa Madbouly, approved the draft budget, which projects EGP 3.1 trillion in revenues (19% annual growth) and EGP 4.6 trillion in expenditures (18% increase). The budget aims for a 4% primary surplus of GDP and a reduction in public debt.
